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In the latest session, AvidXchange Holdings Inc (NASDAQ: AVDX) closed at $8.94 down -29.72% from its previous closing price of $12.72. In other words, the price has decreased by -$29.72 from its previous closing price. On the day, 18.86 million shares were traded. AVDX stock price reached its highest trading level at $11.16 during the session, while it also had its lowest trading level at $8.78.
Ratios:
For a deeper understanding of AvidXchange Holdings Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 73.06. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.20.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on April 15, 2024, Downgraded its rating to Sell and sets its target price to $11.50 from $13 previously.
On April 09, 2024, Keefe Bruyette started tracking the stock assigning a Mkt Perform rating and target price of $13.50.
Piper Sandler Downgraded its Overweight to Neutral on January 02, 2024, whereas the target price for the stock was revised from $12 to $13.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 11 ’24 when Praeger Michael sold 29,192 shares for $10.85 per share. The transaction valued at 316,675 led to the insider holds 10,440,510 shares of the business.
Cunningham Todd Alan sold 28,424 shares of AVDX for $313,289 on May 23 ’24. The insider now owns 336,017 shares after completing the transaction at $11.02 per share. On May 20 ’24, another insider, Praeger Michael, who serves as the Chief Executive Officer of the company, sold 43,738 shares for $11.11 each. As a result, the insider received 486,117 and left with 10,440,510 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AVDX now has a Market Capitalization of 1847012736 and an Enterprise Value of 2327709696. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.62 while its Price-to-Book (P/B) ratio in mrq is 2.75. Its current Enterprise Value per Revenue stands at 5.827 whereas that against EBITDA is -1283.192.
Stock Price History:
Over the past 52 weeks, AVDX has reached a high of $13.56, while it has fallen to a 52-week low of $6.88. The 50-Day Moving Average of the stock is -22.72%, while the 200-Day Moving Average is calculated to be -21.20%.
Shares Statistics:
For the past three months, AVDX has traded an average of 1.90M shares per day and 3316070 over the past ten days. A total of 204.08M shares are outstanding, with a floating share count of 158.44M. Insiders hold about 23.31% of the company’s shares, while institutions hold 71.82% stake in the company. Shares short for AVDX as of 1721001600 were 7879036 with a Short Ratio of 4.15, compared to 1718323200 on 8439337. Therefore, it implies a Short% of Shares Outstanding of 7879036 and a Short% of Float of 4.2600001999999995.
Earnings Estimates
The stock of AvidXchange Holdings Inc (AVDX) is currently being evaluated by 11.0 analysts who are actively contributing to its market rating.On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.03, while EPS last year was $0. The consensus estimate for the next quarter is $0.06, with high estimates of $0.08 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.32 and $0.19 for the fiscal current year, implying an average EPS of $0.24. EPS for the following year is $0.37, with 11.0 analysts recommending between $0.49 and $0.29.
Revenue Estimates
A total of 13 analysts believe the company’s revenue will be $106.91M this quarter.It ranges from a high estimate of $108.92M to a low estimate of $105.4M. As of the current estimate, AvidXchange Holdings Inc’s year-ago sales were $88.99MFor the next quarter, 13 analysts are estimating revenue of $115.34M. There is a high estimate of $118M for the next quarter, whereas the lowest estimate is $113.83M.
A total of 15 analysts have provided revenue estimates for AVDX’s current fiscal year. The highest revenue estimate was $457M, while the lowest revenue estimate was $444M, resulting in an average revenue estimate of $447.46M. In the same quarter a year ago, actual revenue was $380.72MBased on 15 analysts’ estimates, the company’s revenue will be $516.46M in the next fiscal year. The high estimate is $526.48M and the low estimate is $499.66M.
